The Riksbanken depreciates SEK – we believe an additional depreciation is most likely

Review Sweden: Riksbanken was dramatically “softer” than expected. As we pointed out yesterday (read more here) the risk involved in SEK was/is largest to the downside. One factor which we did not mention yesterday was the level of the “surprise index” which is currently close to historical top levels. Other things being equal, this indicates that the sentiment around SEK is highly positive and that disappointments are very likely and will get a more than usually negative reception. This was

Originally posted here:
The Riksbanken depreciates SEK – we believe an additional depreciation is most likely

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